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Amazon jumps after second-quarter revenue tops estimates
$Amazon (AMZN.US)$ shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook.
EPS: Loss of 20 cents
Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv
Here’s how other key Amazon segments did during the quarter:
Amazon Web Services: $19.7 billion vs. $19.56 billion expected, according to StreetAccount
Advertising: $8.76 billion vs. $8.65 billion expected, according to StreetAccount
Amazon recorded a $3.9 billion loss on its $Rivian Automotive (RIVN.US)$ investment after shares of the electric vehicle maker plunged 49% in the second quarter ended June 30. That resulted in a total net loss of $2 billion, and brings its loss for the year to $11.5 billion on the Rivian investment.
Because of the Rivian writedown, analyst estimates varied dramatically, making it difficult to compare actual results to a consensus number.
EPS: Loss of 20 cents
Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv
Here’s how other key Amazon segments did during the quarter:
Amazon Web Services: $19.7 billion vs. $19.56 billion expected, according to StreetAccount
Advertising: $8.76 billion vs. $8.65 billion expected, according to StreetAccount
Amazon recorded a $3.9 billion loss on its $Rivian Automotive (RIVN.US)$ investment after shares of the electric vehicle maker plunged 49% in the second quarter ended June 30. That resulted in a total net loss of $2 billion, and brings its loss for the year to $11.5 billion on the Rivian investment.
Because of the Rivian writedown, analyst estimates varied dramatically, making it difficult to compare actual results to a consensus number.
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